Red Pulse (RPX) the first token for NEO platform — What is it and will it be successful in 2018?
Some of you have probably heard of Red Pulse already. It is the first ICO token based on NEO blockchain. In this text i’m thoroughly going to tell you about what is Red Pulse and why i think it has a very bright future in the global cryptomarkets. If you’re reading this, you are probably a little curious about the future predictions of RPX too, am i right? The investing part starts pretty much in the middle of the post, but i hope you have the patience to read the whole text. Enjoy!
What is Red Pulse?
Red Pulse is a company based in Hong Kong that was originally started in 2015, when it spun off from consultancy company called Z-Ben Advisors. So yes, Red Pulse was already established fully working company before the ICO stage. Red Pulse’s purpose is to cover all the market events in Chinese markets including companies, sectors and the overall economy of China. All the data are being delivered to investors, analysts and advisers who’re interested in the Chinese economy. The core value of Red Pulse is to provide quality information for investors, because Chinese markets are known for being pretty “noisy” and it has been hard to pick up the relevant and important information cause of many different sources. Red Pulses mobile platform is a true gift for the investors and analysts all over the world. The next picture from their website tells a lot about the process of content creation:
Red Pulse has a solid team with loads of financial experience. The team behind Red Pulse and the RPX token is a real-world example of how every team in blockchain or any industry should work. I will later tell about how the team handles even the toughest situations and what makes them one of the best teams in the growing world of ICOs.
There are already far over 50,000 subscribers for the Red Pulse newsletter and over 60,000 people have signed up in the Red Pulse website. There are lots of big news organisations that trusts Red Pulses market intelligence.
RPX tokens?! What are those?
So after all, why do we need tokens and the NEO blockchain? Well, let me tell you about it. Red Pulse scales up the research process and they use RPX tokens to power the content production, distribution and consumption platform. Red Pulse has a vision to create a direct-incentivization ecosystem that creates a global community of colleagues. People gets direct and professional information about Chinese markets with their tokens while the content creators gets tokens as a payment for their work. As RPX website says RPX helps research consumers and producers be aligned with the increasing demand for China market insights while the economy of China grows.
Red Pulse decided to use cryptocurrency platform and their own token for the following main reasons:
- The Cold start problem. There wouldn’t be research contributors without research consumers seeking for quality information. Blockchain helps RPX to convince enough analysts to contribute to the platform, while it convinces financial professionals and institutions to come and seek for valuable content.
- Frictional costs. The transaction fees are being minimized which is important thing for many.
- System of Record. The publicly-verifiable record that’s used to confirm that content producers have been fairly compensated for their works.
- There won’t be payment scaling issues. With Bitcoin or Ethereum there would be high fees, even if the payment is low cost.
- RPX token helps building a community.
- Red Pulse has the ability to manage the supply, which is needed to ensure the fairness of the payments system.
The road map for RPX leads all the way up to 2019 and it has lots of cool and promising steps! Check the Road map by clicking this! There are few big steps in the road map for upcoming future; In Q1/2018 the platform will launch beta and release in Q3/2018.
So, the key facts of Red Pulse platform and RPX token:
- Providing a platform that lets professionals of Chinese market contribute high quality content for market researchers, investors and analysts all over the world.
- The platform has a voting system where highly voted content producers earn more tokens from their researches. The voting system maintains the high quality content in the platform.
- As a summary, the tokens are used to pay for content creators works and it is an ecosystem for the whole platform.
- Platform beta Q1/2018. Platform release Q3/2018.
RPX token as an investment. What makes RPX a great cryptoinvestment?
I bet this is the part you’ve been waiting for! The predictions. I don’t want to create overwhelming FOMO about any cryptocurrency or token out there and i like to analyse all the facts very thoroughly. At this point i’d like to make it clear, that i personally invested in RPX during the public crowdsale of the ICO. So, here are my facts about RPX and why i invested in it:
- The platform of Red Pulse is built for a real purpose. The market researchers all over the world needs this. China’s economy is 2nd largest in the world in the terms of nominal GDP and the 1st in terms of purchasing power parity. It have been complicated to collect all the reliable data and information of the Chinese economy. The platform opens up a whole new way of making professional market research and as i mentioned it really feeds a need.
- It is the first NEP-5 (NEO based) token. RPX has a real advantage of being the first token in the NEO blockchain. The RPX team has great communication with NEO team and they are helping each other. I like comparing RPX and NEO to OmiseGo and Ethereum. In both cases the token team and the cryptodevelopers have a great communication with each other and it won’t lead to anything bad.
- The partners and advisors. Red Pulse has lots of big financial news organisations as their partners as you probably saw above. There are for example some of the big names like Bloomberg, Wall Street Journal, Financial Times and Reuters. The advisors are also awesome. The one i like the most is that Da Hongfei, the founder of NEO is one of the advisors for RPX. With the help of Mr. Hongfei, i think RPX has bright future in the NEO blockchain. Just to mention, in cryptocurrency markets i think it is really valuable for the currency or token to have big names as their partner. In this case it is telling that RPX isn’t a joke, it is a real deal with bright future in its industry.
- The team! I made a reddit post few days back about Red Pulse and i hyped a bit about the team behind this token. But the hard fact is that the team is absolutely professional. The way how team handled the crowd sale showed to us RPX investors that the team works really hard to keep their investors satisfied. Red Pulse team has always kept investors up to date and that’s something you should give a lot of value in cryptomarkets.
- The Road Map. In few words, it is straight forward with lots of good steps. I think that the most important thing is that the Red Pulse team has a clear vision of the future of RPX. You really should check the road map up!
- Partnership with APEX. This is something i am waiting for. APEX is a blockchain-powered data and interactions exchange. APEX is going to make online marketing great for the consumers and the companies. In the APEX platform both will benefit in a whole new way. APEX has a lot of big companies as their customers and yes, there really are some big names like BMW, Volvo, Casio, Hilton and McLaren to name a few. Also there’s awesome tech, infra and data ecosystem partners for APEX; Microsoft Azure and Accelerator, Amazon webservices, Alibaba cloud, Oracle marketing cloud, NEO smart economy and baidu. RPX and APEX will have cross-ecosystem collaboration and their customers will have access and some benefits from each others platforms. The symbiosis of NEO, RPX and APEX are leading these all three into a right path and i think it is very healthy for all of them to work together.
- RPX is still in an early stage. It is definitely not late to invest in RPX. It’s only two months since the token sale and the platform haven’t been released yet. There are a lot more to come from RPX and i personally believe that all the upcoming things are going to rise the price of the token higher.
RPX isn’t in many exchanges yet. I think that RPX will hit new exchanges soon and that will definitely make the price go up. Also the Q1 beta and Q3 release of the platform will make the price go higher, because it is pretty much the base of the whole token and it is also the point when the real use of the tokens starts. Here’s a RPX chart from coinmarketcap:
I don’t like to make price predictions, but i still think there’s a lot of room for RPX to grow as it has market cap of 135m$ right now.
Disclaimer: This is not a financial advise and you should always make your own research before investing in anything. I am not working for Red Pulse or any company related to it and i provide only my personal opinions about Red Pulse. Also sorry if my grammar is bad sometimes as i’m not a native speaker of English.
Learn more about Red Pulse, RPX and join the community!
Official coin website https://coin.red-pulse.com/
RPX Telegram t.me/redpulse
RPX Discord discord.gg/H8PbeNg
RPX Youtube http://youtube.com/c/RedPulseToken
RPX Medium https://blog.red-pulse.com/
RPX Reddit https://www.reddit.com/r/RedPulseToken/
Official Red Pulse website https://www.red-pulse.com/landing
RPX whitepaper https://coin.red-pulse.com/wp-content/uploads/redpulse-whitepaper-en.pdf
RPX twitter https://twitter.com/red_pulse_china
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